May 23, 2017 10:53 PM ET

Diversified Financial Services

Company Overview of Prosper Marketplace, Inc.

Company Overview

Prosper Marketplace, Inc., together with its subsidiaries, develops a peer-to-peer online credit marketplace in the United States. Its marketplace allows investors to invest in unsecured consumer loans originated through the marketplace in an open and transparent marketplace aiming to benefit financially, as well as socially. The company’s marketplace matches individuals who wish to obtain consumer loans with those who are willing to commit funds to those loans. Its marketplace also offers fixed rate, amortizing, and unsecured consumer loans to accredited and institutional investors, as well as issues notes. In addition, the company operates a cloud-based patient financing company for health...

221 Main Street

3rd Floor

San Francisco, CA 94105

United States

Founded in 2005

355 Employees



Key Executives for Prosper Marketplace, Inc.

Chief Executive Officer and Director
Age: 46
Age: 51
Chief Financial Officer and Head of Capital Markets
Age: 39
Executive Vice President of Operations
Age: 38
Chief Risk Officer
Age: 34
Compensation as of Fiscal Year 2016.

Prosper Marketplace, Inc. Key Developments

Prosper Marketplace, Inc. Reports Earnings Results for the Year 2016

Prosper Marketplace, Inc. reported earnings results for the year 2016. For the year company reported total revenues fell 33% compared to 2015, and the decline was mostly due to a 42% decrease in loan volume and booked a $118.7 million loss for 2016, more than 4x the $25.97 million loss it posted in 2015.

Prosper Presents at LendIt USA Conference 2017, Mar-06-2017

Prosper Presents at LendIt USA Conference 2017, Mar-06-2017 . Venue: Jacob Javits Center, New York, United States. Speakers: Ron Suber, President.

Prosper Marketplace Announces Executive Changes

Prosper Marketplace announced that it has appointed Usama Ashraf as Chief Financial Officer. As CFO, Ashraf will oversee the company’s capital markets function, as well as all of the company’s finance activities. As head of the Capital Markets team, he will be responsible for expanding the company’s funding sources by bringing new investors onto the Prosper lending platform. Ashraf brings more than 18 years of experience spanning corporate finance and global capital markets, including funding, securitization, financial reporting, planning, investor relations, balance sheet management, strategy, and mergers and acquisitions. He has held senior leadership positions at prominent financial services companies, most recently as Deputy Chief Financial Officer and Treasurer at Annaly Capital Management and Corporate Treasurer at USAA. Ashraf will start his new position at Prosper Marketplace on February 27, 2017. Ashraf will replace David Kimball, who will remain as CEO and as a board member.

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Recent Private Companies Transactions

Private Placement
May 31, 2016

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